“Mad Money” host Jim Cramer believes when it comes to consumer spending, we’re in a barbell economy—with the high end and low end thriving. But with the market in turmoil, can that dynamic hold up for the holiday season?
There is nothing more emblematic of high end than Saks and CEO Steve Sadove told Cramer he feels good about what he’s seeing at his stores right now.
“The holiday season’s been going well,” he said. “We got off to a good start. The month of November we’re up nine percent. We’re up 10 percent on the year. So we’re feeling good about the holiday season.”
Sadove said sees strength all across the business, and particularly in shoes, handbags, jewelry, men’s tailored clothing and women’s sportswear.
To see Cramer’s full interview with CEO Steve Sadove, watch the video.
Call Cramer: 1-800-743-CNBC
A previous version of this story included a misspelling of Steve Sadove.
Questions for Cramer? firstname.lastname@example.org
Questions, comments, suggestions for the Mad Money website? email@example.com